Malaysia Market Watch 28th September 2012
click for visit watch6.jpeg”>SHARE prices on Bursa Malaysia closed higher in tandem with the advances in Asian markets yesterday driven by expectations of more measures by policymakers in China to boost flagging growth in the world’s second largest economy.
The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI gained 8.54 points to 1,627.84, fuelled by buying in select heavyweights.
The Finance Index surged 37.06 points to 14,459.29, the Plantation Index eased 3.06 points to 8,239.69, while the Industrial Index slipped 1.66 points to 2,789.47.
The FBM Emas Index advanced 50.789 points to 11,038.52, the FBM Mid 70 Index gained 26.08 points to 11,813.89 but the FBM Ace declined 1.98 points to 4,276.44.
Gainers led losers 363 to 303, with 322 flat, 651 untraded and 25 suspended. Turnover decreased to 731.340 million shares worth RM1.384 billion from 889.356 million shares worth RM1.448 billion previously.
Among actives, Key West Global lost three sen to 1.5 sen, Compugates rose 1 sen to 9 sen, AirAsia added 10 sen to RM2.95 and Astral Supreme slipped 0.5 sen to 28 sen.
As for heavyweights, Maybank gained seven sen to RM9.02, Sime Darby went up 1 sen to RM9.80, CIMB slipped 6 sen to RM7.32 and Axiata rose 5 sen to RM6.39.
Meanwhile, FBM KLCI futures on Bursa Malaysia Derivatives closed sharply higher in tandem with the rebound in share prices on the cash market, dealers said.
September 2012 rose 15.50 points to 1,633.50, October 2012 advanced 15.50 points to 1,636, December 2012 gained 14 points to 1,633 and March 2013 increased 11.50 points to 1,626.50.
Turnover decreased to 10,274 lots from the 17,027 lots yesterday while open interest decreased to 39,509 contracts from 46,308 contracts recorded previously. Bernama (BTimes)